Cleanspark’s (CLSK) “Buy” Rating Reiterated at Chardan Capital

Chardan Capital reiterated their buy rating on shares of Cleanspark (NASDAQ:CLSK) in a report published on Monday,Benzinga reports. Chardan Capital currently has a $21.00 price objective on the stock.

A number of other equities analysts also recently weighed in on CLSK. Cantor Fitzgerald restated an “overweight” rating and issued a $26.00 target price on shares of Cleanspark in a research note on Friday, August 7th. Needham & Company LLC increased their price target on shares of Cleanspark from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. HC Wainwright restated a “buy” rating on shares of Cleanspark in a report on Friday, August 7th. Maxim Group lifted their price objective on shares of Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded Cleanspark from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cleanspark presently has an average rating of “Moderate Buy” and an average target price of $23.88.

Cleanspark Stock Up 5.7%

CLSK stock opened at $12.18 on Monday. Cleanspark has a twelve month low of $8.00 and a twelve month high of $23.61. The company has a quick ratio of 2.11, a current ratio of 5.91 and a debt-to-equity ratio of 2.34. The stock’s 50 day moving average is $14.51 and its 200-day moving average is $12.64. The firm has a market capitalization of $3.13 billion, a PE ratio of -3.23 and a beta of 3.86.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.42). Cleanspark had a negative return on equity of 18.63% and a negative net margin of 146.90%.The company had revenue of $138.01 million for the quarter, compared to the consensus estimate of $142.37 million. During the same quarter last year, the company posted $0.90 EPS. The company’s quarterly revenue was down 30.5% compared to the same quarter last year. Sell-side analysts expect that Cleanspark will post -1.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Cleanspark

Several large investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in Cleanspark in the 3rd quarter worth approximately $26,000. Morse Asset Management Inc bought a new stake in shares of Cleanspark in the 3rd quarter valued at about $32,000. Danske Bank A S purchased a new position in shares of Cleanspark in the fourth quarter worth $25,000. CIBC Private Wealth Group LLC grew its stake in shares of Cleanspark by 5,081.0% in the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the company’s stock worth $44,000 after purchasing an additional 2,947 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in Cleanspark by 2,019.6% during the 3rd quarter. Parallel Advisors LLC now owns 3,900 shares of the company’s stock valued at $57,000 after purchasing an additional 3,716 shares during the period. Institutional investors own 43.12% of the company’s stock.

Cleanspark News Roundup

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Chardan maintains Buy rating: Chardan Capital reaffirmed its “Buy” rating on Cleanspark, signaling continued confidence in the company’s long-term growth prospects and potentially supporting the stock. Chardan Capital Reaffirms Buy Rating for Cleanspark
• Neutral Sentiment: Short-interest data shows no meaningful positioning: Reported short interest was zero shares, with a zero-day days-to-cover ratio. Because the figures appear anomalous, they provide little actionable insight into current trading sentiment.
• Negative Sentiment: Northland cuts multiple earnings forecasts: Northland Securities reduced its FY2026 EPS forecast to a loss of $1.41 from $1.13 and its FY2027 forecast to a loss of $1.49 from $0.62. It also lowered estimates for every reported 2027 quarter, including Q1 EPS to negative $0.39 from negative $0.25 and Q4 EPS to negative $0.36 from negative $0.10. The revisions imply a deeper and more persistent loss outlook.
• Negative Sentiment: HC Wainwright also lowers near-term expectations: Although HC Wainwright retains a “Buy” rating, it cut its Q4 2026 EPS estimate to a loss of $0.43 from a loss of $0.26 and expects a FY2026 loss of $1.46. The combination of a bullish rating and weaker earnings forecast creates mixed signals for investors.
• Negative Sentiment: Recent operating results add pressure: Cleanspark’s latest quarterly report showed an adjusted loss of $0.89 per share, worse than the $0.47 consensus estimate, while revenue declined 30.5% year over year to $138.0 million. These results help explain the subsequent analyst estimate reductions.

Cleanspark Company Profile

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.